Miyota Power India, a joint venture of two Russian firms, has tied up with Chennai-based Al Ameen Green Energy for setting up 100 MW solar power plant near Virudhunagar. Miyota Power would be investing $80 million in the project.
Miyota Power India is formed of two Russian firms, State-owned JSC Minneftegasstroi, which is into construction of oil pipelines and gas processing plants, and Akis Tech, which specialises in project development, financing and operations and maintenance of power projects.
The Virudhunagar project would be executed fully by the end of 2017, in four phases. During the first three phases, the installation of 25 MW, 15 MW, and 9 MW capacities will be completed respectively. The remaining 51 MW capacity will be added during the fourth stage. The connection to the grid will happen in phases.
The agreement between Miyota Power India and Al Ameen Green Energy was signed at the recent trade show in Chennai.